FKLI Updates

[KLCI Futures] - Market Remain Bullish with Strong Ringgit

InvestorsDoctor
Publish date: Wed, 03 Jan 2018, 09:02 AM
Here we update timely info about FKLI

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3/1/2018
 
 FKLI Jan 18
 
 Previous Close: 1794 +9
 
 
 
FKLI snapped 8 consecutive sessions of gains, led by window dressing effect and stronger MYR. Global market especially Hong Kong & US continue to close at record high, signaled a bullish sentiment. However, FKLI trades at premium with KLCI, may narrow down the gap in short term.
 
Hourly chart's technical indicators show rebound, while candlestick closed at higher high triggered a further buy signal.
 
 Price Level to monitor today: 
Resistance : 1800
Support : 1787.5 1777 
 
 Recommend Trading Plan for the day: 
1. Buy 1792 or below, stop 1787, profit 5pts or above.
2. If price retrace 1st, buy 1786 or below, stop 1779, profit 7pts or above.
 
 FKLI Margin Requirement 
Intraday     MYR 1750
Overnight  MYR 3500
Spread       MYR 500
 
 Disclaimer: Idea for sharing purpose, trade at your own risk.
 

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